Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.79B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$576M |
| 3 |
Microsoft
MSFT
|
+$546M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$436M |
| 5 |
JPMorgan Chase
JPM
|
+$324M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$2.48B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.73B |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$765M |
| 4 |
Apple
AAPL
|
+$656M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$526M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.7% |
| 2 | Consumer Discretionary | 1.66% |
| 3 | Financials | 1.18% |
| 4 | Communication Services | 1.07% |
| 5 | Healthcare | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
CALL
StoneCo
STNE
$2.24B
| $17.5M | ﹤0.01% |
1,374,500
+44,400
| +3% | +$554K |
|
1852
CALL
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$13.9B
| $17.4M | ﹤0.01% |
320,500
+313,400
| +4,414% | +$16.2M |
|
1853
PG&E
PCG
$40.1B
| $17.4M | ﹤0.01% |
1,009,374
+44,999
| +5% | +$762K |
|
1854
WEC Energy
WEC
$35B
| $17.4M | ﹤0.01% |
197,558
-78,238
| -28% | -$7.23M |
|
1855
Public Storage
PSA
$59.3B
| $17.4M | ﹤0.01% |
59,713
-28,130
| -32% | -$8.2M |
|
1856
Erie Indemnity
ERIE
$13.5B
| $17.4M | ﹤0.01% |
82,932
+79,829
| +2,573% | +$17.8M |
|
1857
CALL
Fortive
FTV
$18.2B
| $17.4M | ﹤0.01% |
308,793
+140,397
| +83% | +$7.09M |
|
1858
Williams Companies
WMB
$91B
| $17.4M | ﹤0.01% |
532,774
-672,938
| -56% | -$20.2M |
|
1859
PUT
Bilibili
BILI
$6.76B
| $17.4M | ﹤0.01% |
1,150,400
-220,600
| -16% | -$4.05M |
|
1860
Kinross Gold
KGC
$38.3B
| $17.4M | ﹤0.01% |
3,640,481
+328,352
| +10% | +$1.64M |
|
|
CTRA
1861
DELISTED
Coterra Energy
CTRA
| $17.4M | ﹤0.01% |
686,268
+166,608
| +32% | +$4.14M |
|
1862
PUT
Zimmer Biomet
ZBH
$19.3B
| $17.3M | ﹤0.01% |
119,100
+88,000
| +283% | +$12M |
|
1863
Kimberly-Clark
KMB
$36.7B
| $17.3M | ﹤0.01% |
125,458
-80,353
| -39% | -$11.2M |
|
1864
CALL
QuantumScape Corp
QS
$3.53B
| $17.3M | ﹤0.01% |
2,167,400
+291,400
| +16% | +$2.03M |
|
1865
PUT
Edwards Lifesciences
EW
$52.3B
| $17.3M | ﹤0.01% |
183,300
-34,900
| -16% | -$3.03M |
|
1866
Virtu Financial
VIRT
$5.8B
| $17.2M | ﹤0.01% |
1,009,047
-22,994
| -2% | -$422K |
|
1867
Houlihan Lokey
HLI
$9.07B
| $17.2M | ﹤0.01% |
175,292
+135,994
| +346% | +$12.3M |
|
1868
CALL
Markel Group
MKL
$22.5B
| $17.2M | ﹤0.01% |
12,400
-12,000
| -49% | -$16.1M |
|
1869
PUT
Vanguard FTSE Emerging Markets ETF
VWO
$127B
| $17.1M | ﹤0.01% |
421,000
-728,700
| -63% | -$29.4M |
|
1870
Arthur J. Gallagher & Co
AJG
$67.9B
| $17.1M | ﹤0.01% |
77,857
-45,615
| -37% | -$9.49M |
|
1871
PUT
Constellation Energy
CEG
$99B
| $17.1M | ﹤0.01% |
186,700
-15,400
| -8% | -$1.28M |
|
1872
Sunrun
RUN
$2.2B
| $17.1M | ﹤0.01% |
956,650
+488,527
| +104% | +$9.08M |
|
1873
PUT
Paychex
PAYX
$44.4B
| $17.1M | ﹤0.01% |
152,500
-66,200
| -30% | -$7.24M |
|
1874
PUT
Sempra
SRE
$55.8B
| $17M | ﹤0.01% |
234,200
+10,200
| +5% | +$766K |
|
1875
CALL
GoDaddy
GDDY
$12.1B
| $17M | ﹤0.01% |
226,900
+65,600
| +41% | +$4.84M |
|
Similar funds
Jeff Yass's Q2 2023 Portfolio in Review
As of Q2 2023, Jeff Yass held 13,811 positions worth $492B, up 4.6% from $470B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass withdrew a net $23.6B in Q2 2023, closing 1,866 positions and reducing 5,559 holdings. Its most notable exit was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $45.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in State Street SPDR Portfolio Aggregate Bond ETF worth $32.9M.
- Jeff Yass's largest Q2 2023 buy was State Street SPDR Portfolio Aggregate Bond ETF: 1,297,445 shares worth $32.9M.
- Jeff Yass added most to NVIDIA in Q2 2023, an estimated $1.79B increase.
- Jeff Yass's biggest Q2 2023 reduction was Invesco QQQ Trust, cutting an estimated $2.48B.
- Jeff Yass fully exited Vanguard Intermediate-Term Corporate Bond ETF in Q2 2023, selling an estimated $45.5M.
- Jeff Yass's ten largest holdings make up 30% of its $492B portfolio in Q2 2023.
- Jeff Yass opened 1,371 new positions and closed 1,866 in Q2 2023.
- Jeff Yass's portfolio value rose 4.6% quarter-over-quarter to $492B.
Based on Susquehanna International Group's 13F filing for Q2 2023, filed 11 Aug 2023.